Macro Bank Inc. (NYSE:BMA) Short Interest Down 16.9% in January

Macro Bank Inc. (NYSE:BMA) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 367,928 shares, a decline of 16.9% from the December 31st total of 442,754 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 296,324 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 296,324 shares, the short-interest ratio is currently 1.2 days. Currently, 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms have commented on BMA. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research note on Monday, December 29th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Macro Bank from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Macro Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

Macro Bank Price Performance

NYSE:BMA traded down $3.49 during trading hours on Wednesday, reaching $95.29. 313,442 shares of the company were exchanged, compared to its average volume of 275,102. Macro Bank has a twelve month low of $38.30 and a twelve month high of $106.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $91.54 and its 200-day moving average is $73.19. The firm has a market cap of $6.09 billion, a PE ratio of 43.12, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. The firm had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $590.57 million. On average, sell-side analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 22nd were paid a $0.3557 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, January 22nd. Macro Bank’s dividend payout ratio (DPR) is presently 192.76%.

Institutional Investors Weigh In On Macro Bank

Large investors have recently bought and sold shares of the stock. Candriam S.C.A. acquired a new stake in Macro Bank in the 3rd quarter valued at about $13,643,000. Millennium Management LLC increased its stake in shares of Macro Bank by 100.7% during the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after buying an additional 288,614 shares during the period. Fundamenta Capital S.A. acquired a new stake in Macro Bank in the fourth quarter valued at approximately $17,130,000. Cape Ann Asset Management Ltd lifted its stake in Macro Bank by 66.2% in the third quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after acquiring an additional 183,700 shares during the last quarter. Finally, Sagil Capital LLP acquired a new position in Macro Bank during the 2nd quarter worth approximately $10,094,000.

Macro Bank Company Profile

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.